Some Theorists Argue That the Best Measure of the Employer's

Some theorists argue that the best measure of the employer's defined benefit pension plan obligation is the accumulated benefit obligation.

A) Since the accumulated benefit obligation is measured using current salaries, it represents the conservative floor for a company's pension obligation to its employees.
B) It is consistent with the measurement of pension expense.
C) Since the accumulated benefit obligation is measured using future salaries, it represents the conservative floor for a company's pension obligation to its employees.
D) The accumulated benefit obligation measures the present value of the amounts that employees will receive from the pension plan once they retire.